Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. See our User Agreement and Privacy Policy.

Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. See our Privacy Policy and User Agreement for details.

My name is Miss matter Garba,i saw your profile today on (slideshare.net) and became intrested in you,i will also like to know you the more,and i want you to send an email to my email address (mattergarba56@yahoo.com) so i can give you my picture for you to know whom i am. However i believe we can move on from here! I am waiting for your mail to my email address above.(Remeber the distance, colour or language does not matter but love matters alot in life miss matter. (mattergarba56@yahoo.com)

India: Land of Cultural Diversity; Land of Opportunity

4.
Why India?* <ul><li>India has nearly one quarter of the World's population </li></ul><ul><li>India has been growing at 6% or better rates for a decade and at an 8% or better level for the last 3 years. Indian growth in its service economy has been historic and manufacturing economy is now ramping up sharply. </li></ul><ul><li>The advantages of low cost and skilled made India a globally competitive manufacturing destination India also has offered talent pool of skilled professionals and English speaking population </li></ul><ul><li>India has increasing disposable incomes and significant domestic demand. Rising per capita income and changing demographic distribution are conducive to growth. India has the highest proportion of population below 35 years-70 percent (potential buyers), which means that 130 million people will get added to the working population between 2003 and 2009. </li></ul><ul><li>The government is also pursuing reforms and liberalization </li></ul><ul><li>At present, over 200 of the Fortune 500 companies from the U.S., the UK, Germany, France, Japan, Netherlands, South Korea, Switzerland, Canada, and Sweden are present in India. </li></ul><ul><li>A favorable foreign investment environment: freedom of entry and exit, investment, location, choice of technology, import and export, and rule of law. </li></ul><ul><li>India has increasingly moved from an agro based economy and has emerged as a service oriented economy. Today India produces more than 50,000 computer professionals and 360,000 engineering and management graduates each year </li></ul><ul><li>Developed and well regulated banking system of over 63,000 branches supported by a number of international banks, insurance joint ventures, national and state level financial institutions. </li></ul><ul><li>WTO commitments </li></ul>

5.
Challenges* <ul><li>Although India has tremendous potential, the reality of India today is that it is still a developing economy with a great deal of poverty. </li></ul><ul><li>Infrastructure inadequacies in rural and urban areas: roads, ports, airports, communication, and power have constrained India's growth. </li></ul><ul><li>Bureaucratic red tape, rigid labor laws, and its inability to build infrastructure fast enough also holds India back </li></ul><ul><li>Some research indicated that some of the factors that prevent the fast growth of foreign direct investment (FDI) across the states of India include labor conflicts and market regulations, institutional entry barriers, poorly functioning financial markets, limited domestic demand, credit and market conditions, and other state-level economic indicators. </li></ul><ul><li>Tariff rates continue to remain high by international standards. </li></ul><ul><li>There is a lack of decentralized decision-making at the level of state governments </li></ul><ul><li>Banking and insurance systems are not competitive </li></ul><ul><li>Labor laws are overly stringent </li></ul><ul><ul><li>* Excerpts from www.business-in-asia.com , India Homepage, Runckel & Associates, Inc. </li></ul></ul>

6.
India - Facts <ul><li>India's total area is 3.29 million square kilometers. Size is slightly more than one-third the size of the US. it is located in the Southern Asia, bordering the Arabian Sea and the Bay of Bengal, between Burma and Pakistan </li></ul><ul><li>Capital: New Delhi </li></ul><ul><li>Government: Federal republic </li></ul><ul><li>Languages spoken: English is the preferred business language. Hindi is the national language and primary tongue of 30% of the people. </li></ul>

13.
India – Fun Facts <ul><li>Iron Pillar of Delhi </li></ul><ul><ul><li>7 meters tall; 6MT </li></ul></ul><ul><ul><li>Erected between 375 AD – 414 AD in honor of Lord Vishnu and King Chandragupta. </li></ul></ul><ul><ul><li>The pillar is 98% wrought iron. </li></ul></ul><ul><ul><li>It has withstood corrosion* for 1600 years, despite harsh weather. </li></ul></ul><ul><li>*In a report published in the journal Current Science , R. </li></ul><ul><li>Balasubramaniam of the IIT Kanpur explains how the </li></ul><ul><li>pillar's resistance to corrosion is due to a passive </li></ul><ul><li>protective film at the iron-rust interface. The presence of </li></ul><ul><li>second phase particles (slag and unreduced iron oxides) </li></ul><ul><li>in the microstructure of the iron, that of high amounts of </li></ul><ul><li> phosphorus in the metal, and the alternate wetting and </li></ul><ul><li>drying existing under atmospheric conditions, are the three </li></ul><ul><li>main factors in the three-stages formation of that </li></ul><ul><li>protective passive film. </li></ul>

14.
India – Fun Facts <ul><li>Wootz Steel – produced in southern India and Sri Lanka. </li></ul><ul><li>Ultra-High carbon steel w/ 1-2% carbon </li></ul><ul><li>Ingots were traded to Europe, China, Middle East and were used to fashion the Damascus Blade with watered steel pattern between the 3 rd and 17 th centuries AD. </li></ul><ul><ul><li>In the 12th century the Arab Idrisi says “…The Hindus excel in the manufacture of iron. It is impossible to find anything to surpass the edge from Indian steel…” </li></ul></ul>

15.
India – Fun Facts <ul><li>The first recorded use of “0” as a number </li></ul><ul><li>Chaturbhuja Temple at Gwalior. Built in 875 CE </li></ul><ul><li>Our current numbering system is based on Devanagari script of Sanskrit (still one of 14 official languages of India) </li></ul><ul><li>० १ २ ३ ४ ५ ६ ७ ८ ९ </li></ul><ul><li>0 1 2 3 4 5 6 7 8 9 </li></ul>

17.
“Bollywood” <ul><li>“ Bollywood” is a part of the Indian film industry and refers to Mumbai/Bombay based Hindi language films </li></ul><ul><li>India is the largest film producing nation in the world </li></ul><ul><li>India produces approx. 1000 movies/year in 14 languages compared to 630 by Hollywood in 2008. </li></ul><ul><li>An estimated 4 Billion tickets are sold in India exclusively for Bollywood! </li></ul><ul><li>One research also shows that India accounts for 73% of Asia-Pacific movie admissions. </li></ul>

19.
Automotive Industry <ul><li>The Automotive Industry in India is one of the largest industries and a key sector of the economy. </li></ul><ul><li>The Indian automotive industry started from 1991with the government’s de-licensing of the sector and subsequent opening up for 100 per cent FDI through automatic route. Since then many large global companies have set up their facilities in India taking the production of vehicle from 2 million in 1991 to 9.7 million in 2006. At present, India is the world's </li></ul><ul><ul><li>Largest tractor and three-wheel vehicle producer. </li></ul></ul><ul><ul><li>Second largest two-wheel vehicle producer. </li></ul></ul><ul><ul><li>Fourth largest commercial vehicle producer. </li></ul></ul><ul><ul><li>Eleventh largest passenger car producer. </li></ul></ul>

20.
Automotive Industry <ul><li>Future Plans: The Government has prepared a ten-year Automotive Mission Plan (AMP) to draw a future plan of action and remove obstacles in the way of competition, such as that required infrastructure be put in place well in time to alleviate its constraining impact on the growth. The plan envisages a tax holiday for the industry on investments exceeding $225,000, 100% tax deductions of export profits, and deductions of 50% on foreign-exchange earnings. It also calls for a one-stop clearance for foreign-direct-investment proposals in the sector and deductions of 30% of net income for 10 years for new industrial undertakings. To bring down the cost of power and fuel, which accounts for 6% of the manufacturing costs in the auto sector, captive power generation would be encouraged to enable industries to access reliable, quality and cost-effective power. </li></ul>

21.
Automotive Industry <ul><li>Investment : Among the car companies that are investing in India are US automakers General Motors and Ford, Germany's BMW and DaimlerChrysler AG, France's Renault, Japan's Suzuki, Toyota and Honda, and South Korea's Hyundai. </li></ul><ul><li>Auto Components: There is also a boom in auto ancillary companies. India is an attractive outsourcing destination for global auto companies because of its strong engineering skills and low costs. Sourcing parts from India is 10-20% cheaper for US auto makers and about 50% cheaper for their European counterparts. </li></ul><ul><ul><li>This industry grew by over 28 percent between 1995 and 1998, and has been sustaining double digit growth, clocking 16 percent in 2004-05, and 15 percent in 2005-06. </li></ul></ul><ul><ul><li>The Indian auto component industry is quite comprehensive with around 500 firms in the organized sector producing practically all automotive components; there are more than 10,000 firms total. </li></ul></ul><ul><ul><li>India’s component industry now has the capability to manufacture the entire range of auto-components, for example, engine parts, drive, transmission parts, suspension and braking parts, electricals, body and chassis parts, equipment, etc </li></ul></ul><ul><li>The Industry's Challenge: Even though the automotive industry is robust, car manufacturers are complaining that the government's frequent change in policies is not encouraging the industry. Changing the policies and guidelines frequently severely hurts the companies’ plans. It also affects investment decisions in the country </li></ul>

22.
Automotive Industry <ul><li>March 23, 2009 press release excerpt from www.tatamotors.com </li></ul><ul><li>The Tata Nano Arrives </li></ul><ul><li> </li></ul><ul><li>Tata Motors today announced the commercial launch of the </li></ul><ul><li>Tata Nano, keenly awaited across India since its unveiling on </li></ul><ul><li>January 10, 2008. The Tata Nano is BS-III* compliant and comes </li></ul><ul><li>with an all-new 2-cylinder aluminum MPFI 624 cc petrol engine mated </li></ul><ul><li>to a four-speed gear box and will be available in three variants. The cars will be on display across the country at Tata Motors Passenger Car dealerships and other select authorized outlets from April 1st. Speaking at a Press Conference, the Chairman of Tata Sons and Tata Motors, Mr. Ratan N. Tata, said, “The Nano represents the spirit of breaking conventional barriers. From the drawing board to its commercial launch, the concept, development and productionisation of the car has overcome several challenges. It is to the credit of the team at Tata Motors that a car once thought impossible by the world is now a reality. I hope it will provide safe, affordable, four-wheel transportation to families who till now have not been able to own a car. We are delighted in presenting the Tata Nano to India and the world.” The Tata Nano is currently being manufactured at the company’s Pantnagar plant in Uttarakhand in limited numbers. The new dedicated plant, at Sanand in Gujarat, will be ready in 2010 with an annualized capacity of 350,000 cars. Eventually, Tata predicts its Nano factory will generate 10,000 jobs, both directly and indirectly. </li></ul><ul><li>*BS II, BS III and BS IV are the India mandatory norms for Nitrogen Oxides, Hydrocarbons, Carbon Monoxide and particulates. These norms are substantially aligned with the European norms Euro II, Euro III and Euro IV; the main difference is that the peak speed in the extra urban driving cycle is 90 km/h in India and 120 km/h in Europe. </li></ul>

24.
Aerospace Industry Major Airlines <ul><li>Indian carriers currently have a fleet size of 310 aircrafts, but have 480 aircrafts on order, scheduled for delivery by 2012. </li></ul>

25.
Aerospace Industry <ul><li>900 – 1000 commercial aircraft worth $100B is expected in the next 20 years. $25B will be spent in the next 5 years. </li></ul><ul><li>The Defense industry is planning $100B in expenditures in the next 5 years. 15 – 20% will be spent on aircraft. </li></ul><ul><li>India’s MRO business is expected to grow 10%/year and reach $1.17B by 2010 and $2.6B by 2020. </li></ul><ul><li>Presently MRO is outsourced but the trend is reversing with a large number of players investing in MO services through acquisition and joint ventures. </li></ul>

26.
Aerospace Industry <ul><li>There are a number of incentives provided by the Indian government encouraging joint ventures. </li></ul><ul><li>Tax and regulatory issues are being revised to make India more attractive to foreign investors. Currently India levies income tax on both corporate and personal earnings in addition to custom taxes, excise tax, service tax, value added tax. </li></ul><ul><li>The Indian government is encouraging private investment in both the civil and defense aerospace sectors. </li></ul><ul><li>100% Foreign Direct Investment (FDI) is allowed for the civil aviation sector (air traffic control is excluded) </li></ul><ul><li>26% FDI is allowed in the Defense aviation sector subject to licensing and other restrictions. </li></ul><ul><li>Technology transfers in aviation technology (composites, avionics) and industry best practices are a high priority </li></ul>

27.
Aerospace Industry Major Companies <ul><li>Hindustan Aeronautics Limited (HAL) came into existence on 1st October 1964. The Company was formed by the merger of Hindustan Aircraft Limited with Aeronautics India Limited and Aircraft Manufacturing Depot, Kanpur </li></ul><ul><li>Today, HAL has 19 Production Units and 9 Research and Design Centers in 7 locations in India. </li></ul><ul><li>HAL has manufactured over 3550 aircraft , 3600 engines and overhauled over 8150 aircraft and 27300 engines . </li></ul><ul><li>2007 turnover $1.558B </li></ul>

28.
Hindustan Aeronautics Press Release April 9, 2009 <ul><li>HAL hands over first rear fuselage for Gulfstream (G-150) aircraft to IAI </li></ul><ul><li>HAL Chairman Mr Ashok Nayak hands over the documents of Gulfstream G-150 aircraft rear fuselage to Mr Shlomi Karako, General Manager, Business Jets Division, IAI, in Bangalore on Tuesday. Mr M.S. Chandrasekharan, General Manager, Aircraft Division, HAL, looks on. </li></ul><ul><li>Hindustan Aeronautics Limited (HAL) on Tuesday strengthened its position as a leading aerospace export house when it handed over the first rear fuselage for the Gulfstream (G-150) aircraft to Israel Aircraft Industries (IAI). HAL Chairman Mr Ashok Nayak handed over the documents of the HAL-built Aft (rear) fuselage for G-150 to Mr Shlomi Karako, General Manager, Business Jets Division, IAI, at a simple function at HAL’s Aircraft Division in Bangalore. Gulfstream (G-150) is a business executive aircraft built in Israel and transported to the United States for further furnishing. The G-150 is marketed the world over by the US-based Gulfstream Corporation. </li></ul>

29.
Bharat Electronics <ul><li>Bharat Electronics Limited (BEL) was established at Bangalore, India, by the Government of India under the Ministry of Defense in 1954 to meet the country’s specialized electronic needs. </li></ul><ul><li>9 sites throughout India manufacturing a variety of electronics and avionics including communications, radar, sonar, thermal imaging, batteries (Ni-Cd, Mg, LiSO2), simulators. </li></ul><ul><li>2008 turnover $925M </li></ul>

30.
Bharat Dynamics <ul><li>BDL was established in the year 1970 to be a manufacturing base for guided weapon systems. </li></ul><ul><li>BDL’s initial product was a 1st Generation Anti Tank Guided Missile (ATGM) - the French SS11B1. This product was a culmination of a license agreement the Government of India entered into with Aerospatiale, France. The company continues to produce ATGMs as well as surface-surface missiles, airborne and marine counter measure systems. </li></ul><ul><li>The Company today has two modern manufacturing complexes sprawled over 1300 acres located at Kanchanbagh, Hyderabad and Bhanur, Medak District, AP. </li></ul><ul><li>2008 turnover $90.87M </li></ul>

32.
Steel Industry <ul><li>In 1992, India produced 14.33 million tones of finished carbon steels and 1.59 million tones of pig iron. In 2008, India produced nearly 46.575 million tones of finished steels and 4.393 million tones of pig iron. </li></ul><ul><li>In 1992, the total consumption of finished steel was 14.84 million tones. In 2008, the total amount of domestic steel consumption was 43.925 million tones. </li></ul><ul><li>Today, India is in seventh position among all the crude steel producing countries. </li></ul>

34.
Paper & Pulp <ul><li>Paper industry in India is the 15th largest paper industry in the world. </li></ul><ul><li>It provides employment to nearly 1.5 million people and contributes Rs 25 billion to the government's kitty. </li></ul><ul><li>The government regards the paper industry as one of the 35 high priority industries of the country. </li></ul><ul><li>In 1951, there were 17 paper mills, and today there are about 515 units engaged in the manufacture of paper and paperboards and newsprint in India. </li></ul><ul><li>Foreign Direct Investment (FDI) up to 100% is allowed on automatic route on all activities except those requiring industrial licenses where prior governmental approval is required. </li></ul>

36.
IT <ul><li>Turnover will reach $80 billion by 2011, growing at an annual rate of 30%/year as compared to a few million dollars in early 1990s. </li></ul><ul><li>The Indian IT industry is recognized the world over for its quality. Today, India leads the world in terms of the number of quality certifications achieved. </li></ul><ul><li>Software and services exports [including exports of IT services, Business Process Outsourcing (BPO), engineering services and R&D and software products] reached $40.4 billion, contributing nearly 63% to the overall IT-BPO revenue total. </li></ul><ul><li>Domestic IT market (including hardware) reached $23.1 billion in FY 2007-08 as compared to $16.2 billion in FY 2006-07, a growth of 43%. </li></ul>

38.
Praxair <ul><li>India - Praxair links with FMC for coatings facility Source: Chemweek's Business Daily, 30 August 2007 Praxair Surface Technologies, a wholly owned subsidiary of Praxair, has entered into an agreement with FMC Technologies to supply FMC with thermal spray coatings for gate valve components that are used in oil and natural gas production. The deal includes plans for a manufacturing plant to produce the coatings at Coimbatore in southern India. The new facility, which will be Praxair's first coatings facility in India, is expected to be in full production by mid-2008. </li></ul>

39.
Sulzer Metco <ul><li>Sulzer Metco inaugurated its new manufacturing operation in Chennai, India, on May 1st, 2007. The plant is located in the state of Tamil Nadu, known as the “Detroit of India,” due to the presence of several global automotive manufacturers including Ford, Mitsubishi, Hyundai, and Visteon. </li></ul><ul><li>Tamil Nadu, which is home to more than 100 automotive component manufacturers, is experiencing dramatic growth due to an improved infrastructure and a strong commitment to quality as defined by global automotive standards. The new plant is focused on bonding Sulzer Euroflamm’s high performance carbon friction material, EF® 5010, onto synchronizer rings for truck and passenger-car manual transmissions. The new facility, fully equipped with indigenized bonding equipment, began production activities in mid-2006. The plant has an annual bonding capacity of 2 million parts. The company’s quality performance boasts zero returns on parts produced. The facility is equipped to bond synchronizer rings up to 160mm diameter and can accommodate a wide range of base materials. Indian customers are very interested in Sulzer Euroflamm’s carbon technology due to the overall value equation including durability, shift comfort, and load capacity. </li></ul>

41.
Saint Gobain <ul><li>Saint-Gobain established its presence in India by acquiring a majority stake in Grindwell Norton in 1996, and thereafter went on to consolidate and strengthen its presence within the country. The Group has adopted a systematic focus in launching its individual businesses in India and currently operates in three business sectors: Flat Glass, High Performance Materials and Construction Products. </li></ul><ul><ul><li>HIGH PERFORMANCE MATERIALS </li></ul></ul><ul><ul><li>Grindwell Norton Ltd. (GNO), which manufactures and markets abrasives, silicon carbide, high performance refractories and performance plastics from its four manufacturing locations. </li></ul></ul><ul><ul><li>Saint-Gobain Crystals & Detectors India Ltd. (SGCD), which manufactures and markets radiation detection and measurement products, and </li></ul></ul><ul><ul><li>SEPR Refractories India Ltd. (SEPR), which manufactures and markets electrofused refractories. </li></ul></ul><ul><li>In order to further its business growth in the Indian sub-continent, Saint-Gobain also established the General Delegation for India, Sri Lanka and Bangladesh in 1996. The Delegation facilitates the establishment of new businesses in India, ensures synergy and co-ordination between the businesses and companies in India and functions as a link between the Compagnie and the businesses in India. </li></ul>

49.
Coating Companies <ul><li>ARCI – International Advanced Research Centre for Powder Metallurgy and New Materials, founded in 1985, is an autonomous R&D Centre of Government of India‘s Department of Science and Technology (DST) located in Hyderabad. ARCI has been setup with a mission to develop unique, novel and techno-commercially viable technologies in the area of advanced materials and subsequently transfer them to Indian industries. </li></ul><ul><ul><li>Detonation Spray Coating (DSC) Technology </li></ul></ul><ul><ul><li>The DSC technology has already been transferred to four private enterprises, namely Shafel Tech, Sai Surface Coating Technologies, Associated Plasmatron and SVX Powder M Surface Engg Pvt. Ltd. </li></ul></ul><ul><ul><li>Micro Arc Oxidation (MAO) </li></ul></ul><ul><ul><li>The MAO technology is a novel means of depositing dense, thick and ultra-hard coatings on metals like Aluminum, Magnesium and Zirconium and their alloys. ARCI has demonstrated the superiority of its MAO technology in terms of coating density, deposition kinetics, tribological properties and corrosion resistance over other global efforts. On the strength of its innovative features, the technology has been patented both in India and in the US and its promise to replace conventional coating techniques like hard-anodizing, hard-chrome plating etc. has also been demonstrated. </li></ul></ul>

51.
Alstom and Bharat Forge <ul><li>DELHI, November 10th, 2008… Alstom , the global power systems manufacturer and </li></ul><ul><li>service provider, and Bharat Forge Ltd (BFL), a global leader in manufacturing and </li></ul><ul><li>metal-forming, today announced their decision to set up a joint venture company for </li></ul><ul><li>manufacturing state-of-the-art supercritical power plant equipment in India. </li></ul><ul><li>Alstom and BFL have warmly welcomed the recent initiatives of the Government of </li></ul><ul><li>India to introduce a major structural transformation of the Indian power sector. Both </li></ul><ul><li>organizations, with their strong technological orientation, want to work together </li></ul><ul><li>towards making India a hub for power equipment manufacturing. The intent to join </li></ul><ul><li>hands for this venture has recently been conveyed to the Government of India. </li></ul><ul><li>The Joint Venture will design, engineer, manufacture and deliver turbine and </li></ul><ul><li>Generator Island of 600-800 MW supercritical range with a total installed capacity of 5 </li></ul><ul><li>GW per annum. Both the partners have agreed to explore manufacture of turbines and </li></ul><ul><li>generators in sub-critical range as well as for gas and nuclear applications. The </li></ul><ul><li>manufacturing infrastructure will include plants for manufacturing of turbine, </li></ul><ul><li>generators and all the auxiliaries that go into turbine Generator Island. </li></ul>

52.
Boeing and Tata Industries <ul><li>CHICAGO, Feb. 14, 2008 -- The Boeing Company [NYSE: BA] and Tata Industries Limited of India have agreed on a plan to form a joint-venture company that will initially include more than US$500 million of defense-related aerospace component work in India for export to Boeing and its international customers…&quot;I am very excited to announce this agreement,&quot; said Jim Albaugh, president and CEO of Boeing Integrated Defense Systems. &quot;It represents another step </li></ul><ul><li>in our commitment to India, in this case by linking the capabilities and heritages of these two companies, in order to bring real and lasting value to India's aerospace industry, while making Boeing products more globally competitive.&quot; </li></ul><ul><li>It is the intent of Boeing and Tata not only to utilize existing Tata manufacturing capability, but also to develop new supply sources throughout the Indian manufacturing and engineering communities for both commercial and defense applications. </li></ul><ul><li>&quot;This joint venture between Tata and Boeing is an important part of our strategy to build capabilities in defense and aerospace,&quot; said Ratan Tata, chairman of the Tata Group. &quot;I look forward to the joint venture becoming a world-class facility in India.&quot; </li></ul><ul><li>Manufacturing capabilities established within the joint-venture company would in later phases be leveraged across multiple Boeing programs, including the Medium Multi-Role Combat Aircraft (MMRCA) competition. In the first phase of the agreement, Boeing would potentially issue contracts for work packages to the joint-venture company involving defense-related component manufacturing on Boeing's F/A-18 Super Hornet for the U.S. Navy and Royal Australian Air Force, CH-47 Chinook and/or P-8 Maritime Patrol Aircraft... &quot;Boeing is strengthening and deepening its partnerships with Indian industry through a wide range of new teaming opportunities,&quot; said Ian Thomas, president of Boeing India. &quot;Our joint venture with Tata marks a significant milestone in our ongoing journey to build world-class aerospace and defense manufacturing capability in India.&quot; Boeing's history in India reaches back more than 60 years, marked by success in working with airline customers, parts suppliers, research institutes and others to provide products and services. </li></ul>

53.
Congress approves U.S.- India nuclear deal excerpt from LA Times, October 2, 2008 “… After three years of negotiation, Congress gave final approval Wednesday to a U.S.-India nuclear agreement that its advocates say will form a lasting strategic alliance between the United States and the world's largest democracy. … The agreement, which the Bush administration considers a significant foreign policy achievement, would end a 30-year ban on sales of nuclear fuel and technology that was imposed after India tested and developed a nuclear bomb. India has agreed to open its civilian nuclear facilities to international inspection under the Nuclear Nonproliferation Treaty, though its eight military nuclear plants would not be subject to scrutiny…”

54.
GE signs nuclear reactor agreement with India excerpt from Business Week article March 23, 2009 <ul><li>WILMINGTON, N.C. </li></ul><ul><li>A unit of General Electric Co. said … it signed preliminary agreements with two government-owned companies in India to build nuclear reactors to help meet India's energy production goals. The potential value of the deals was not disclosed. </li></ul><ul><li>GE Hitachi Nuclear Energy said it signed memoranda of understanding with Mumbai-based Nuclear Power Corp. of India, the country's lone nuclear utility operating 17 reactors, and Bharat Heavy Electricals Ltd., a New Delhi-based manufacturer and supplier of power generation equipment and components. </li></ul><ul><li>GE Hitachi and the two companies will plan for &quot;a potential multiple-unit Advanced Boiling Water Reactor nuclear power station,&quot; the U.S. company said in a news release. </li></ul>

55.
Excerpt from “The Hindu” March 25, 2009 <ul><li>“… India calls for renewable energy partnership with U.S. Washington (IANS): India has suggested a strategic partnership between Indian and U.S. business focusing on three Rs - renewables, reusables and recyclables - to meet the twin challenges of climate change action and energy security. </li></ul><ul><li>&quot;If energy is not to become a constraint on our growth — the growth of India and the U.S. and the global economy as a whole, then a relatively rapid and significant shift to renewable and non-conventional energy sources becomes inevitable,&quot; Shyam Saran, Prime Minister Manmohan Singh's Special Envoy for Climate Change, said here on Tuesday. </li></ul><ul><li>&quot;Both climate change action and energy security dictate this,&quot; he said addressing members of the U.S. India Business Council, a trade association representing 300 of the largest U.S. companies investing in India and global Indian companies. </li></ul><ul><li>Even as he was speaking, a U.S. trade mission was in India to discuss business opportunities in the field of solar energy. This was the Obama administration's first trade mission to India…” </li></ul>

58.
Why India? - Conclusions <ul><li>Largest democracy in the world </li></ul><ul><li>English is the language of business </li></ul><ul><li>Growing middle class </li></ul><ul><li>Large, skilled, young work force </li></ul><ul><li>Premier country for graduating metallurgists, material scientists </li></ul><ul><li>Growing automotive and aerospace markets including ancillary services </li></ul><ul><li>FDI is encouraged and welcomed </li></ul><ul><li>Joint ventures and technology transfers are desired </li></ul><ul><li>Regulatory, legal and taxation overhaul is ongoing </li></ul>

59.
Acknowledgments <ul><li>I wish to thank the following individuals: </li></ul><ul><li>Colonel K.V. Kuber, Senior Vice President, Religare Aerospace and Defence Advisory Systems, 19 Chawla House, Nehru Place, New Delhi, India for his overview and data on the civil and military aviation sectors in India. </li></ul><ul><li>Mr. Chris Runckel, President, Runckel & Associates for his permission to use data and graphics on India and its automotive, steel, pulp & paper and IT sectors from his company’s website www.business-in-asia.com. </li></ul>

60.
Acknowledgments <ul><li>Last but not least I want to thank the organizers of ITSA for their invitation to make this presentation and for your kind attention. </li></ul>Thank You Dhanyavaad Nandri धन्यवादा